How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (9571)	2/3/1999 2:40:00 PM
From: pz	Read Replies (2) of 14162

Herm, Hpeace tried to get me to sell covered calls last year but I really didn't thoroughly understand how to do it. I've been reading from the beginning of this thread about how you entered into your ROST trade and would like to do something similar. I would like to hold MSFT for the long term and would like to know if you consider it a CC candidate. The only problem that I see is that the rate of monthly CC return is not so great. If I enter this trade in my IRA of CC'ing MSFT here is my plan. I'll buy MSFT maybe a week before the stock split occurs like you did with ROST (except u bot naked calls I think).....anyway...the day after MSFT splits I'll sell upstrike covered call, and also buy protective puts, since the stock should be extended at that point. Since this will be my very first CC...does this sound like a good plan or am I out in left field somewhere?...ggg Thanks for any help... Paul

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